Forex

Forex

Yellen gives hope to USD bulls

According to rttnews, Federal Reserve Chairman Janet Yellen says the case for another interest-rate hike has strengthened. "In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believ... [...]

Technical analysis of EUR/JPY for August 26, 2016

General overview for 26/08/2016:It is almost clear that the current wave development is a form of a complex corrective cycle and as long as the low volatility trading period continues, the horizontal corrective cycle is still in progress. Nevertheless,... [...]

Has the correction in USD/NOK run its course?

Although positively aligned, the 50- and the 200-period SMAs see the USD/NOK quoting between both averages on 4H charts.The shift from a steady rally to the unfolding of a corrective pattern has brought RSI below its 35% level, considered oversold terr... [...]